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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe Township at 67 Morgan Way, Monroe Township, NJ, 08831 offers $5,326/mo rent that, after a $3,451/mo payment, leaves $23/mo cash flow. Total monthly income is $5,326/mo, and annual cash flow is $270/yr on $231,945 cash. Return on cash invested measures 20.18% in year one, and rental yield stands at 9.07% at a $705,000 entry. Equity gained on principal adds $4,549/yr while 5% annual appreciation compounds into $194,779 by year five. Five-year ROI records 106.01% and total cumulative return in cash reaches $245,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,326/mo property income versus a $3,451/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2015
N/A lot
$N/A/sqft
$278 monthly HOA
Neighborhood data shown for ZIP Code: 08831, Monroe Township, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,207 (100%) |
| Owner Occupied HU | 21,489 (85.3%) |
| Renter Occupied HU | 2,452 ( 9.7%) |
| Vacant Housing Units | 1,266 ( 5.0%) |
| Median Home Value | $593,087 |
| Average Home Value | $608,854 |
Residential
25,711
Single Family
24,808
Multi-Family
903
Businesses
1,026
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $705,000 |
| 2023-09-23 | Listing removed | N/A |
| 2023-08-26 | Listed for rent | $3,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $8736.43 | 1.67% | $341,400 | N/A |
| 2022-10-16 | $8593.04 | 0.48% | $341,400 | N/A |
| 2021-10-16 | $8552.07 | N/A | $341,400 | N/A |
Listed by: Manish Kharbanda • FATHOM REALTY NJ LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2504828R
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